fxcodebase-backup
Range Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=64828
Forum: 48 · Topic 64828 · 1 post(s)
Range Indicator
Alexander.Gettinger · Fri Jun 23, 2017 2:44 pm
Range Indicator Compares the intraday range (high - low) to the inter-day (close - previous close) range. When the intraday range is greater than the inter-day range, the Range Indicator will be a high value. This signals an end to the current trend. When the Range Indicator is at a low level, a new trend is about to start.
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